Answer:
a. Debit Unearned Rent Revenue, $4,500; Credit Rent Revenue, $4,500
Explanation:
When the company receives the $27,000 check for six months of advance rent, it records the unearned revenue in a liability account named Unearned Rent Revenue. The resulting journal entry is:
(Dr) Cash, $27,000
(Cr) Unearned Rent Revenue, $27,000
With the passing of each month, the company <em>earns</em> one-sixth (1/6) of the unearned rent revenue (or $4,500), essentially reclassifying the revenue from unearned to earned. Therefore, after one month, the resulting journal entry is:
(Dr) Unearned Rent Revenue, $4,500
(Cr) Rent Revenue, $4,500
Answer:
20,000 units
Explanation:
Number of units in inventory at the end of quarter 3
= 3(42,500)
=127,500
Hence:
127,500- 37,500-45,000-25,000
= 20,000 units
Therefore if production strategy is used the number of units in inventory at the end of quarter 3 is 20,000 units
In a multinational corporation (MNC) where the locus of decision making is decentralized, decisions are made at the top management level.
<h3>What is
multinational corporation?</h3>
multinational corporation serves as one that has different level of management.
Multinational companies are usually involvea in international trade taking into consideration the
political as well as cultural differences into account.
Examples of these corporation are:
- Coca-Cola
- Philip Morris's Marlboro brand
- Pepsi
In this case, decisions are made at the top management level in other to achieve the goals of the organization because they do operate outside their country.
Learn more on multinational corporation at: brainly.com/question/494475
#SPJ1
Watch where you post, because this is not business!
Tendinitis leads to the inflammation of tendons, it's painful and not exactly fun!
Scarcity helps people make more informed choices about how to use the resources that are available. The concept of scarcity works in business in the following ways: Scarcity is essential to the study of economics. A fundamental aspect of scarcity is the mismatch between supply and demand.
